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Sovereign Wealth Funds Briefing - Categorized | Market, Performance

Las Vegas Sands: Singapore resort’s shop sales could hit S$1 bln

Posted on 19 August 2010

From Dow Jones: Retail outlets at Las Vegas Sands Corp.’s (LVS) Marina Bay Sands casino resort in Singapore could generate annual sales of more than S$1 billion, said David Sylvester, senior vice president of Sands’ Asia retailing operations, who was once group general manager of the retail assets in Australia and China of GIC Real Estate, the real-estate arm of sovereign-wealth fund Government of Singapore Investment Corp.
Sylvester said Wednesday about 50 more shops will open at Marina Bay Sands in September, including Dior and Hermes outlets, bringing the total number of stores to over 150. When fully operational, Marina Bay Sands will have more than 300 stores and restaurants……………………………………….Full Article: Source


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